Sage-Tips

Is IND as applicable for CA final?

Yes- it’s bit tough looks like it.

How many accounting standards are issued by ICAI?

Accounting Standards (AS 1~ AS 32) have been issued by the Accounting Standards Board of ICAI, to establish uniform standards for preparation of financial statements, in accordance with the Indian GAAP (Generally Accepted Accounting Practices), for better understanding of the users.

Are accounting standards still applicable?

Accounting Standards not applicable to Level II and Level III enterprises since the relevant Regulators require compliance with them only by certain Level I enterprises: AS 21, Consolidated Financial Statements. AS 23, Accounting for Investments in Associates in Consolidated Financial Statements.

Is syllogism deleted from CA Foundation?

Statistics have no deletion. They are Unit II Matrices, Unit II Time Series and Syllogism.

What is the average salary of a CA in India?

The average salary is between INR6-7 lakhs per annum in India. A CA’s Salary, on average, could rise to INR40-60 lakhs depending on his skills and experience. If he gets an International posting, he could earn INR 75 lakh pa. At the recent ICAI placement, INR 8.4lakhs is the average salary of CA.

Is CA a degree in India?

The CA qualification obtained from the Institute of Chartered Accountants of India (ICAI) will be treated as equivalent to a postgraduate degree. The University Grants Commission (UGC) has given a nod to ICAI’s proposal.

Which financial year is applicable for the CA Intermediate exam in 2021?

Financial Year (FY) 2020-21 and Assessment Year (AY) 2021-22 is relevant for Nov 2021 term of CA Intermediate examinations. The provisions of income-tax law, as amended by the Finance Act, 2020 including significant circulars and notifications issued upto 30-April-2021 are applicable for Nov, 2021 examination.

Is there any negative marking in the CA Intermediate Accounting paper?

There is no negative marking in the CA Intermediate and IPCC Accounting Paper. As they say practice makes the men perfect, Accounts subject totally depend upon the practice theory. Students should solve more and more previous year papers which will help them to understand better which will help you in scoring well in the examination.

When ICAI will conduct CA Intermediate Nov 2019 examination?

ICAI has declared the date sheet for CA Intermediate Nov 2019 Examinations with the latest notification on 12 August 2019. According to the notification ICAI will now conduct CA Intermediate Nov 2019 Examination from 2nd Nov 2019 and will last 18th Nov 2019.

When will the CA inter exam time table 2021 be updated?

Below we have mentioned all the updates of the CA Inter Exam Time Table . ICAI CA Inter Old course and new Course Examination are going to be held from May 21, 2021, till June 6, 2021.